While the topic of workplace diversity has been a topic of discussion for years, its importance has never been as “front burner” as it is today.
With the growing globalization of today’s economy, achieving diversity in the workplace is a smart move to make as it is vital in fostering a fair and successful company culture.
If you’re a business owner wondering about the merits of a diversified workforce, this blog will hopefully shed some light!
What is a Diversified Workplace?
Diversity in the workplace means that a company hires a wide range of diverse individuals of different genders, ethnicities, educational, sexual, and racial backgrounds. This is good news for all – especially those employees concerned. However, diversity does not end there. If companies want to truly thrive, they need to create a culture that inspires collaboration and innovation with all employees.
- A recent study has shown that almost 67% of job seekers said a diverse workforce is an important factor when evaluating job offers.
- According to Deloitte, 83% of millennials are more engaged when they think their company fosters an inclusive culture.
- Science Daily has stated that companies reporting the highest levels of racial diversity brought in nearly 15 times more sales revenue on average than those with the lowest levels of racial diversity.
Encouraging diversity in the workplace has several tangible benefits for employees and the company. Some of these benefits include:
Greater Creativity and Innovation
Whenever a group of like-minded people are put together, they will generate similar ideas. However, if you change things up by mixing diverse individuals together, you will have a workforce that’s more prone to creativity and innovation — two important ingredients for success.
A diverse workforce will be able to exchange unique perspectives and spark fresh strategies and business directions. This is vital for organizations needing to remain agile in a fast-changing business environment.
Diversity helps create an atmosphere that better serves your customer. Research has found that diversifying your team can boost productivity by 35%. A diverse workforce is more likely to understand your customers’ needs and come up with ideas to fulfil them. Diversity in the workplace will also increase employee morale and instill a desire to be more effective and work more efficiently. This will greatly increase the productivity of your business.
Reduced Employee Turnover
Workplace diversity can really help with employee retention. That’s because organizations with a diverse workforce are generally more inclusive of different individual characteristics and perspectives.
Diversity and inclusion in the workplace cause all employees to feel like a valued part of the team. When employees feel accepted, they’re also happier and tend to stay longer with their employer. As a result, companies with greater diversity in the workplace often have lower turnover rates – which means less time focused on filling staffing holes and more time dedicated to building a successful business.
Enhanced Corporate Reputation and Recruitment Opportunities
Diversity in the workplace can help an organization build a great reputation in the marketplace – which is especially important when looking to hire and retain top talent. This is also true in terms of graduate recruitment, where a record of diversity can play a huge role in attracting young candidates who can then improve their skills.
Call On the Experts at Malone Workforce Solutions Today
Looking for the right staffing solutions? Malone Workforce Solutions is your full-service recruiting and staffing provider. Whether you’re looking to hire full time or need contract, temporary, or temp-to-hire staffing, we’re here to help. With offices throughout the United States, we have the local knowledge, proximity to candidates, and experienced recruiters able to fill your staffing requirements. Our proven network and experience can help your organization find the perfect fit. Contact us today and let’s discuss how we can help you meet your staffing needs.